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Jindal Africa will remain active in Mozambique, despite the sharp drop in the price of coal on the international markets, the Chief Executive Officer of Jindal Africa Investments group said recently. The price of coal per ton has fallen from US$250 to a current average of US$100 and several mining …

The Mozambican energy sector received the largest amount of in investment in 2014 in projects through the Mozambique Investment Promotion Centre (CPI), attracting over US$3.238 billion for just five projects. The CPI data showed that the sector accounted for 45.6 percent of total investments approved by the government agency, which …

The Jesuit Centre for Theological Reflection says government lacks the fiscal discipline required to manage VAT refunds to mining companies and other exporters. Last Thursday, finance minister Alexander Chikwanda announced in Parliament that the government had realigned the provisions of VAT Rule 18 on proof of export requirements to ensure …

FIRST Quantum Minerals says the mining fiscal regime will put the company’s ability to meet various debt financing obligations at risk, which would curtail expansion programmes and halt further investment. And FQM, the owners of Kansanshi Mine in Solwezi, has recorded a decrease in gross profits for the 2014 financial …

ZEMA has deferred the approval of KCM’s slag dump project because the mining giant has failed to provide information on radioactive materials associated with the project. And the Zambia Environmental Management Agency has approved 43 projects, deferred 13 in mining and quarry-related projects and rejected two project proposals. In a …